According to Goodman (1972), how is the demand for medical care determined?
a. It is derived from the more fundamental demand for health.
b. Genetic factors are all that matter.
c. Insurance coverage is the most important factor.
d. It is determined primarily by the age of the individual.
a. It is derived from the more fundamental demand for health.
You might also like to view...
Since the beginning of the 20th century the decade with the slowest real GDP per person growth rate other than the 1930s is ________ because of the ________
A) 2000-2010; 2008/2009 deep recession B) 1930-1940; Great Depression C) 2010-2020; Keynesian economic policies being used more frequently than in the 1930s D) 1990-2000; fear of Y2K E) 2000-2010; the war on terror
Horizontal mergers are pretty rare in the United States due to antitrust laws
Indicate whether the statement is true or false
Firms often seek to borrow money to expand their capital stock, and the price they pay for that money is the interest rate. What happens to quantity of money demanded if the interest rate increases?
a. It increases. b. It decreases. c. It does not change. d. Uncertain-the law of demand does not apply to money.
A firm is currently hiring capital and labor so that MPL/PL < MPK/PK. If the firm wishes to maximize profits it should hire
A. more capital and more labor. B. more labor and less capital. C. less labor and more capital. D. less labor and less capital.